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comment by mk
mk  ·  2139 days ago  ·  link  ·    ·  parent  ·  post: SEC indicates that BTC and ETH are not securities, some cryptocurrencies and tokens are.

It basically means that you needn't be a registered securities broker to buy and sell them. It would have been a crushing classification.

It's a very good thing for them both.





katakowsj  ·  2139 days ago  ·  link  ·  

Any special reason that BCT and ETH are spared?

mk  ·  2139 days ago  ·  link  ·  

It's all in there, but in short, they aren't purposed for or effectively making one controlling group rich.

katakowsj  ·  2139 days ago  ·  link  ·  

Good news. Seems like they would be purposed for or effectively making one controlling group rich the moment they became securities, wouldn't they?

mk  ·  2139 days ago  ·  link  ·  

Hey stop that crazy talk!